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Six North American Suppliers Win Toyota's Top Awards

Suppliers Recognized for Contribution to Successful Launch of New Corolla and Supplier Diversity Initiatives

COVINGTON, Ky., March 26 -- At Toyota Motor Manufacturing North America's (TMMNA's) Annual Supplier Business Meeting and Awards Ceremony, six of Toyota's North American suppliers were awarded Superior Awards, the company's highest level of recognition: AK Steel Corporation, Nova Chemicals, Inc., Sumitomo Electric Wiring Systems, Inc., TRW Fuji Valve, Inc., U.S. Engine Valve Company, and TG North America, Inc. (see chart that follows for a complete list of Superior and Excellent Award winners).

The awards, presented last night in Northern Kentucky, acknowledge those suppliers who have met Toyota's highest standards in quality, delivery, and value improvement for parts, materials, and transportation. Additionally, special recognition awards were given for vehicle launch performance. This award recognizes those suppliers whose exemplary work over the past several years greatly contributed to a smooth launch of the new model Corolla.

This year marked the first year for Supplier Diversity Awards, recognizing those suppliers who put forth outstanding efforts on supplier diversity initiatives.

"The quality and reliability of Toyota's vehicles depend on the success of our North American suppliers," said Osamu "Simon" Nagata, vice president of Purchasing for TMMNA, located in Erlanger, Ky.

"Our suppliers are used to challenges, but this year presented additional obstacles such as the West Coast port crisis. These suppliers achieve and often exceed our strict performance standards. This is an opportunity for Toyota to formally recognize their valuable contribution to our success."

Toyota's Annual Business Meeting and Awards Ceremony brings together the automaker's approximately 500 North American suppliers to share expectations for the coming business year and to recognize outstanding performance among suppliers.

With plans to reach annual capacity of 1.65 million cars and trucks and 1.16 million engines by 2006, Toyota's increased manufacturing investment in North America has a significant impact on the amount of goods and services purchased in North America.

The Annual Business Meeting featured a keynote address by Mike Abrashoff, former Commander of U.S.S. Benfold, who was the youngest commanding officer in the Pacific Fleet. Abrashoff spoke about his system of beliefs he calls GrassRoots Leadership, replacing command and control with commitment and cohesion.

Toyota currently has ten vehicle manufacturing and parts facilities in North America, and is building three more -- in Huntsville, Alabama; Baja California, Mexico; and San Antonio, Texas.

The automaker currently employs some 34,000 people throughout North America. The company's direct investment is nearly $14 billion with annual parts, materials, goods and services purchased from North American suppliers totaling nearly $20 billion.

For more information, please visit our website: www.toyota.com or Toyota's on-line newsroom: pressroom.toyota.com

                       2003 Toyota Supplier Awards

                             SUPERIOR AWARDS

  Supplier     Plant Location   State         Part/Material   Award Category

  AK Steel     Middletown       Ohio          Steel           Delivery &
               (headquarters);                                Quality
               Ashland, Ky.;
               Rockport, Ind.;
               Zanesville, Oh.;
               Butler, Penn.

  Nova         Monaca           Pennsylvania  Instrument      Delivery
  Chemicals,                                  panel
  Inc.                                        components

  Sumitomo     Bowling Green    Kentucky**    Wire harnesses  Value
  Electric                                                    Improvement
  Wiring
  Systems,
  Inc.

  TRW Fuji     Sevierville      Tennessee     Engine valves   Quality
  Valve

  US Engine    Westminster      South         Engine valves   Quality
  Valve                         Carolina

  Waterville   Waterville       Quebec,       Weatherstrips   Launch
  TG, Inc.                      Canada

                             EXCELLENT AWARDS

  Supplier     Plant Location   State         Part/Material   Award Category

  Aisin        Stockton         California    Sensors         Quality
  Electronics,
  Inc.

  Ambrake      Elizabethtown    Kentucky      Base brakes     Quality
  Corporation

  Carpenter    Bayport          Texas         Instrument      Delivery
  Chemical                                    panel
  Company                                     components

  Delphi       Anaheim          California    Batteries       Delivery &
  Energy/                                                     Quality
  Chassis
  Systems

  Delphi       Lockport         New York      Radiators       Quality
  Harrison
  Thermal
  Systems

  Denso        Anderson         South         Fuel pump       Quality
  International                 Carolina      module assembly
  America, Inc.

  Denso        Athens           Tennessee     Fuel Injectors  Delivery &
  International                                               Quality
  America, Inc.

  Denso        Athens           Tennessee     Oxygen sensors,  Delivery &
  International                               spark plugs,     Quality
  America, Inc.                               ignition coils

  Denso        Hillsboro        Ohio          Cam and crank    Quality
  International                               sensor assembly
  America, Inc.

  Denso        Maryville         Tennessee    Starters and     Delivery &
  International                               alternators      Quality
  America, Inc.

  Denso        Maryville         Tennessee    Electronics,     Delivery &
  International                               ECUs, Remote     Launch
  America, Inc.                               keyless entries

  Denso        Monterrey         Monterrey,   Instrument       Quality
  International                  Mexico       panels, cruise
  America, Inc.                               actuators, wheel
                                              speed sensors

  Diamond      Eleanor           West         Ignition coils    Delivery &
  Electric                       Virginia                       Quality

  Dofasco Inc. Hamilton          Ontario,     Steel             Quality
                                 Canada

  Huntsman     Geismar           Louisiana    Instrument        Quality
  Polyurethanes                               panel components

  Johnson      West Deptford     New Jersey   Precious metals   Delivery &
  Matthey                                     for catalytic     Quality
                                              converters

  Luk          Wooster           Ohio         Clutch covers     Delivery
  Incorporated                                & disks

  Mahle, Inc.  Morristown        Tennessee**  Pistons           Value
                                                                Improvement

  MBL (USA)    Ottawa            Illinois     V-Ribbed &        Quality
  Corporation                                 timing belts

  NCI MFG Inc. Scottsboro        Alabama      Seals & gaskets   Quality

  Nova         Monaca            Pennsylvania Instrument        Quality
  Chemicals,                                  panel components
  Inc.

  TG Missouri  Perryville        Missouri     Interior          Launch
                                              plastics

  Toyotetsu    Toyota City       Aichi,       Body & assembly   Value
  America, Inc.                  Japan**      stampings, brake  Improvement
                                              pedals, parking
                                              brake levers

  Trim         Harrodsburg       Kentucky**   Seats, door trim  Value
  Masters, Inc.                                                 Improvement

  TRW          Marshall          Illinois     Air bag sensors   Launch
  Automotive,
  Inc.

  US Engine    Westminster       South        Engine valves     Delivery
  Valve                          Carolina

  US Steel     Gary              Indiana      Steel             Quality
  Group

  Yazaki       Canton            Michigan**   Electronics       Value
  North                                                         Improvement
  America, Inc.

  ** Value Improvement awards are given to the company as a whole, not plant
     specific